Don Moore

Internet Sales Tax on The Horizon?

In Internet, Politics on July 3, 2010 at 9:10 PM

One of the biggest advantages of shopping online, besides being able to buy that sweet Six Feet Under box set in your boxers, was not having to pay sales taxes like at brick and mortar stores. That could change soon, however. Representative Will Delahunt of Massachusetts has proposed a measure that will close a loophole in tax codes. “Current tax rules don’t require Internet retailers from collecting state taxes if they don’t have a “physical presence” in a state,” according to an article on thehill.com.  Current law requires the consumer to deal with sales tax when they file state income taxes, instead of businesses.

Whether you’re for the proposed law or against, there’s no doubt that this passing would mark a huge change in online retail.

Read more: Delahunt introduces bill to streamline payment of taxes for online purchases

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: